Which of the following is used to denote broad money?

Which of the following is used to denote broad money?
[A]M1
[B]M2
[C]M3
[D]M4

M3
Narrow Money M1 = Currency with the public + Demand Deposits of public in Banks When a third component viz. Post office Savings Deposits is also added to M1, it becomes M2. M2 = M1 + Post Office Savings. Broad Money M3 = Narrow money + Time Deposits of public with banks. Reference

Advertisement

Category: Banking Exams Material Section

This question "Which of the following is used to denote broad money?" was published on GKToday on April 25, 2015 at 10:42 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

Comments